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BNP Paribas Securities Services has taken a strategic stake in the capital of fintech AssetMetrix. The partnership will enable BNP Paribas Securities Services to expand and digitalise its services to private capital clients and investors.
By deploying AssetMetrix’s leading technology and web services within its private capital business, BNP Paribas Securities Services will give its clients access to powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt).
This will enable clients to optimise decision-making and enhance risk monitoring. Asset manager clients will also be able to provide their end investors with individual
Mirova Natural Capital wholly owned by sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has held the second close of the Althelia Sustainable Ocean Fund (SOF), a fund dedicated to making pioneering impact investments into marine and coastal projects and enterprises that can deliver sustainable economic returns in fisheries, aquaculture, associated seafood supply chains, ocean waste & recycling and marine conservation.
The fund’s total commitments are now more than USD92 million.
The fund invests in scalable, impact-aligned businesses that harness the ocean’s natural capital with the objective to generate real assets, build resilience in coastal ecosystems and
The Geneva-based asset management company DECALIA Asset Management has hired Reji Vettasseri as Lead Portfolio Manager for alternative funds and mandates invested in private markets.
Vettasseri is an experienced private debt and private equity investor with more than 14 years’ industry experience. He joins DECALIA from Morgan Stanley Alternative Investment Partners. Identifying investments in unlisted markets is one of the areas of expertise developed by DECALIA, allowing it to offer investors advantaged solutions in the current environment of negative interest rates, economic slowdown and high stock market valuations.
Before joining DECALIA, Vettasseri was an Executive Director at Morgan Stanley
CentralNic has signed a conditional agreement to acquire Munich-based web services provider Team Internet from Matomy for a total of USD48 million.
CentralNic said it expects the acquisition to be immediately earnings enhancing and earnings accretive in 2020 before any synergies.
The acquisition will add an additional 40 staff in Germany, shifting CentralNic’s critical mass with almost 200 engineering and other staff members based there. All Team Internet management and staff will remain with the business following completion, with the three founders being retained on the supervisory board to guide the future growth of the business.
Ben Crawford,
Kaman Distribution Group (KDG), a leading value-added distributor of bearings and power transmission, automation, and fluid power products, has appointed Benjamin Mondics has been appointed Chief Executive Officer. Littlejohn & Co acquired KDG earlier this year.
Mondics is a seasoned executive with a thirty-five-year track record of success in the industrial distribution industry. He most recently served as President & CEO of ERIKS North America, a global distributor of gasket, hose, sealing, flow control, power transmission, industrial plastics, and maintenance products.
Prior to ERIKS, Mondics served as President of Kaydon Corporation, a subsidiary of SKF Group. Mondics also spent nearly twenty
Albion Capital, an independent investment manager, has held the first close of its new asset-backed private equity fund, Albion Real Assets Fund (ARAF). First close investors include the GBP9 billion Merseyside Pension Fund and several high net worth families.
ARAF is a continuation of Albion Capital’s successful asset-backed investment strategy and focuses on investing in operational businesses underpinned by assets with intrinsic value and working with proven management teams. Albion targets sectors with strong societal drivers that have resulted in substantial unmet demand for premium physical assets and infrastructure, and creates value by building a group of these assets.
Maven Capital Partners (Maven) has added to its portfolio team with the appointment of Simon Robb and Dean Gregory. The appointments will enable Maven to increase the level of support to its North West portfolio companies and to expand the level of business support to the firm’s growing portfolio.
Business Coach and Corporate Communications Specialist, Robb joins as Portfolio Manager with over 20 years’ experience in Corporate and Investment Banking in the City and the North West. An Economics and Politics graduate, Robb trained with Barclays before working for various international banks headquartered in Japan, Norway, Australia and Ireland.
FTI Consulting has appointed Tim Hames as a full-time Senior Adviser to its Strategic Communications segment in London. Hames will assume his new role on 2 December 2019.
Hames will join FTI Consulting from the British Private Equity & Venture Capital Association (BVCA), where he has served as Director General since 2013. Hames previously held a variety of other roles at the BVCA, including Head of Policy and Director of Public Affairs. He has also been a Special Adviser to the Speaker of the House of Commons, Assistant Editor and Leader Writer at The Times and a Lecturer in Politics
Ropes & Gray has advised Partners Group, a global private markets investment manager, on the sale of its minority equity stake in Action, a European non-food discount retailer.
The stake will be acquired by Hellman & Friedman, a leading private equity investment firm. Partners Group has held its position in Action, on behalf of its clients, since 2011. The transaction values Action at an enterprise value of €10.25 billion.
Established in 1993, Netherlands-headquartered Action operated 1,325 stores across seven countries and employed around 46,000 staff as of 2018. Its core product assortment includes decoration, DIY, garden and outdoor, household goods,
Vista Equity Partners (Vista) is to acquire a majority stake in Sonatype, a company that scales DevOps through open source governance and software supply chain automation.
The partnership with Vista will allow Sonatype to further fast-track growth and enhance its Nexus product portfolio. Several of Sonatype’s existing investors will retain a stake in the company.
“Vista’s standing as the preeminent investment firm and their commitment to growth and innovation perfectly aligns with our passion for helping businesses build software faster and more securely,” says Wayne Jackson, CEO of Sonatype. “This acquisition is a testament to our outstanding team and
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